Section one: Contracting authority
one.1) Name and addresses
BANK OF ENGLAND
Threadneedle Street
LONDON
EC2R8AH
corporate.contracts@bankofengland.co.uk
Country
United Kingdom
Region code
UK - United Kingdom
Justification for not providing organisation identifier
Not on any register
Internet address(es)
Main address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Resolution Procurement Framework 2023
Reference number
CON/1001200
two.1.2) Main CPV code
- 79400000 - Business and management consultancy and related services
two.1.3) Type of contract
Services
two.1.4) Short description
The Bank of England ('the Bank') conducted an open tender procedure for the re-tender of its Resolution Procurement Framework ("RPF") and has awarded a 4-year framework agreement split across the following 5 lots:
- Lot 1 - Financial advice and valuation analysis;
- Lot 2 - Restructuring and insolvency;
- Lot 3 - Corporate financial advisory;
- Lot 4 - Operational review and analysis; and
- Lot 5 - Resolution delivery support.
The RPF is the Bank's framework to appoint advisors to support work on resolution planning in business as usual and where a regulated entity is under stress. The Bank may seek advisory support for work to ensure that firms have adequate capabilities to deliver a resolution under the Resolvability Assessment Framework (RAF). The Bank may also seek advisory support to deliver a resolution (e.g. resolution valuations or insolvency practitioner support).
This framework has been awarded on a non-exclusive and no commitment basis, therefore the Bank is not committed to spending the full framework value and payment is only made as and when requirements arise and are awarded to suppliers.
two.1.6) Information about lots
This contract is divided into lots: Yes
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £20,000,000
two.2) Description
two.2.1) Title
Financial Advice and Valuation Analysis
Lot No
1
two.2.2) Additional CPV code(s)
- 79400000 - Business and management consultancy and related services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Advice in relation to valuation analysis for banks, CCPs, or insurers for the purpose of resolution contingency planning, including, but not limited to, the ex-ante and ex-post independent valuation work required by the Banking Act 2009.
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: No
two.2) Description
two.2.1) Title
Restructuring and Insolvency
Lot No
2
two.2.2) Additional CPV code(s)
- 79400000 - Business and management consultancy and related services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Planning and advice in connection with the bank (or building society) insolvency procedure (BIP), bank administration procedure (BAP) and the special administration procedure for investment firms ("SAR").
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: No
two.2) Description
two.2.1) Title
Corporate finance advisory
Lot No
3
two.2.2) Additional CPV code(s)
- 79400000 - Business and management consultancy and related services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Corporate finance advice and support to the Bank or a firm under the direction of the Bank in relation to preparing for execution of a sale, restructuring or funding transaction as part of a recovery or resolution plan.
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: No
two.2) Description
two.2.1) Title
Operational review and analysis
Lot No
4
two.2.2) Additional CPV code(s)
- 79400000 - Business and management consultancy and related services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
Advice to support the Bank in assessing the operational feasibility of resolution plans, and preparatory assessment and remediation work for contingency planning.
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: No
two.2) Description
two.2.1) Title
Resolution support services
Lot No
5
two.2.2) Additional CPV code(s)
- 79400000 - Business and management consultancy and related services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
The Bank may require additional support to deliver resolvability or contingency resolution planning. Suppliers would provide support in a range of activities including, but not limited to, project planning, document production and review, or detailed operational planning to ensure that a resolvability assessment or resolution is executed successfully.
two.2.5) Award criteria
Price
two.2.11) Information about options
Options: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.1) Previous publication concerning this procedure
Notice number: 2023/S 000-004954
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Accenture (UK) Limited
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
04757301
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
FRP Advisory Group PLC
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
12315862
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Evelyn Partners LLP
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
OC369631
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Reply Limited
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
03847202
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Interpath Ltd
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
13225134
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Oliver Wyman Limited
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
02995605
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Pricewaterhousecoopers LLP
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
OC309347
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Teneo Business Consulting Limited
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
03691798
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Deloitte LLP
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
OC303675
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Alantra Corporate Finance LLP
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
OC306421
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Ernst & Young LLP
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
OC300001
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Grant Thornton Limited
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
02917818
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
BDO LLP
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
OC305127
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Mazars GB Limited
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
05071519
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Alixpartners Ltd
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
04560445
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Kroll Advisory Ltd
London
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
05568550
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
North Highland UK Limited
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
04801815
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
FTI Consulting Management Limited
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
04805205
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section five. Award of contract
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 September 2023
five.2.2) Information about tenders
Number of tenders received: 21
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Alvarez & Marsal LLP
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
Companies House
OC331411
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £20,000,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
High Court, Royal Courts of Justice
London
Country
United Kingdom